$ETH

Ethereum's charts are flashing short-term warning signs despite the broader bullish momentum.

The key level to watch is $3,660-$3,670 - where ETH just got rejected from a descending channel's upper boundary.

This isn't panic time yet, but traders should note the immediate targets if the pullback continues:

$3,580

$3,500

$3,420

$3,300-$3,320

The stop-loss suggestion above $3,880 makes technical sense - it covers the recent double top.

Yet context matters more than ever here.

The bigger picture remains overwhelmingly positive:

ETF inflows continue stacking up

$3,900-$4,000 still in play for August

Year-end targets ranging from $5,000 to $15,000

This looks like a healthy cooldown after the recent run.

The real question isn't if ETH will bounce back, but when.

#Ethereum #Trading

Technical setups work until fundamentals override them.

When institutional money and ecosystem growth back the bulls,

short-term pullbacks often become buying opportunities in disguise.